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g5jamz

US GDP falls -2.9%...absent recession

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So am I reading correctly that a big factor in this is that people are spending less on healthcare than expected under obamacare?

 

Thanks, Obama!

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So am I reading correctly that a big factor in this is that people are spending less on healthcare than expected under obamacare?

 

Thanks, Obama!

 

I feel like the government needs to spend more money to help this low GDP.  Might not make sense, but its how we roll.

 

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So this means that Yellen is going stop the taper and turn QE-4-evah back on!!! Time to reallocate the portfolio again.

 

I think we're going to need to add hookers and blow to the GDP numbers....gotta keep up with the British and Italians.

http://www.theguardian.com/business/2014/jun/10/accounting-drugs-prostitution-uk-economy-gdp-eu-rules

 

http://www.telegraph.co.uk/news/worldnews/europe/italy/10853756/Italy-to-boost-GDP-figures-with-drugs-and-prostitution.html

 

 

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So am I reading correctly that a big factor in this is that people are spending less on healthcare than expected under obamacare?

 

Thanks, Obama!

 

My question is why are people spending less?  Is it because it cost less, or because fewer people have health care coverage, because of all the changes to health care over the last few years (moves from ***'s to HRA's and HSA's for example),  are people healthier, etc...  Spending less is somewhat vague, but it could be a good thing. 

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Insert Ron Paul gif*

It's Happening!!!

QE is redundant. I will say this, liquidation is and still the best answer because now the problem is growing even bigger. Is the Fed trying to one up the 08 recession. Short term pain is now long term pain. Let's see if they revise a third time. The Fed needs to read Mises and some Hayek work.

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Stocks go up, out of labor is still up, unemployment is still not shrinking, and the Feds are still printing money, what else is new.

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So am I reading correctly that a big factor in this is that people are spending less on healthcare than expected under obamacare?

 

Thanks, Obama!

 

Reducing healthcare spending seems like it would be rather traumatic to the economy (in the short-term) since it makes up almost 20% of our GDP

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Seems odd but it matters not. Whatever this admin trots out its the truth. So the 6 mil that was added to ACA= 18% Gdp? Lol

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Jesus Christ I'm spending money on Netflix and Hulu, why isn't it helping?

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Economics 101 just doesn't seem to hold water anymore.

 

11 million on disability, half the country on assistance of some kind, and the stock market setting records based on the Fed pumping.

 

Debt no longer matters.

 

Why did I waste time on that stupid class in College?  Oh wait, it was required.  Don't feel so bad now.

 

The things you learn in Econ 101 are intended to provide a foundation for the more advanced concepts that are actually applicable to The Real World.

 

Rather than asking yourself "Why did I waste time on that stupid class in College?" you should instead ask yourself "Why did I take one intro course and immediately assume that every interaction that occurs within the market can be explained by 'supply and demand' and the general belief that every budget, no matter the context, should be managed as one would a household budget?"

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